Japanese real estate for foreigners — from a licensed Tokyo agent
STRATEGY & YIELD
The numbers — yields, IRR, short-term rental, and the macro behind them.
STRATEGY & YIELD
That 8% gross yield on Japanese listing sites hides costs that cut returns in half. Here's every deduction, line by line, from gross to net yield in Japan.
STRATEGY & YIELD
Japanese listing sites quote gross yield (hyomen rimawari) — a figure that excludes vacancy, taxes, and fees.
STRATEGY & YIELD
A full line-by-line breakdown of every cost that reduces your gross rental yield to net in Tokyo — from acquisition tax to property management, repair…
STRATEGY & YIELD
Cap rate is the standard commercial real estate metric everywhere except Japan, where agents quote gross yield instead.
STRATEGY & YIELD
When you borrow to buy Tokyo property, cap rate and net yield stop telling the full story. Cash-on-cash return measures what your actual equity earns.
STRATEGY & YIELD
IRR ties together purchase price, annual cash flows, and sale proceeds into one return figure.
STRATEGY & YIELD
A full worked example: ¥30M Setagaya 1K apartment, every cost from gross yield to after-tax cash flow. Line-by-line for foreign investors in Japan.
STRATEGY & YIELD
Higher yield doesn't mean higher return. Here's why Minato's 4% net yield can outperform rural Japan's 8% on a total-return basis.
STRATEGY & YIELD
Japan's minpaku law caps short-term rentals at 180 nights per year. Here's how that ceiling reshapes your ADR targets, cleaning economics, and net yield math.
STRATEGY & YIELD
Japan's two STR license paths have completely different revenue ceilings, facility rules, and risk profiles. Here's how to choose before you buy.
STRATEGY & YIELD
Occupancy and ADR tell half the story. RevPAR (revenue per available room night) is the single metric that shows how well your Japan minpaku is actually…
STRATEGY & YIELD
A Kyoto machiya (traditional townhouse) looks like the perfect Airbnb. But municipal restrictions cap operating days far below 180.
STRATEGY & YIELD
What does a Tokyo minpaku actually net after OTA commissions, cleaning, management, and utilities?
STRATEGY & YIELD
The STR vs long-term rental comparison in Japan isn't always won by Airbnb. Here's the breakeven analysis that tells you which wins for your property.
STRATEGY & YIELD
Japan's special-zone minpaku (tokku minpaku) license removes the 180-day cap. Here's where it exists, what it costs, and whether it pencils out.
STRATEGY & YIELD
Directional ADR benchmarks for Tokyo minpaku by ward and neighborhood for 2026 — sourced from operator experience, not just platform marketing data.